December 20, 2021
In Their Rush to Win Customers and Reduce Financial Exclusion, Are Banks and Fintechs Unwittingly Creating Even Greater Inequality?
In emerging markets such as Mexico, the prevailing narrative in the retail banking and fintech sectors is that the slew of new debit and credit card services launched in recent years, by both incumbent banks and startup fintechs, offers a route to reduce financial inequality, a noble aim in a country where over 60% of the population don’t have a bank account.
